The Board Directors of Raysut Cement Company(SAOG)are delighted to invite the shareholders of the company to attend Annual General Meeting scheduled to be held at 10 AM on Monday 30th March 2009 at Hamdan Plaza Hotel, 4th. floor at Salalah to discuss Following Agenda :
1- To review and approve the Board of Directors Report for the financial year ending 31st December 2008.
2- To review and approve the Corporate Governance Report for the financial year ending 31st December 2008.
3- To review and approve the Auditors Report, the Profit and loss Account, and the Balance sheet for the financial year ending 31st December 2008.
4- To review and approve the Board of Directors recommendation to distribute cash dividends at the rate of 100% of share capital of the company (being 100 Baisa per share) .
5- Approve the sitting fees of the Directors and Audit committee for the previous year and fix the sitting fees for the next financial year ending 31st December 2009 .
6- To review and approve the Board of Directors’ remuneration of RO 186.200 for the financial year 2008 .
7- To review and approve donations to be paid by Board of Directors at a maximum of about RO50000.And inform the share holders about the donation paid during 2008.
8-Inform the share holders of the Related party Transaction for the financial year ending 31st December 2008.
9- To review and approve the proposed Related Party Transaction during the financial year ending 31st December 2009.
10- To elect new Board of Directors for the company and interested nominees are required to submit their application to the company 2 working days prior to the AGM date (latest by 26 March 2009) and no application will be accepted after this date.
11- Appointment of the Auditors for the financial year ending 31st December 2009 and fix their fees.
Pursuant to the Articles of Association of the company, every shareholder may authorize any other person to attend the AGM on his behalf and vote on any resolution. Please attend to the meeting venue at least half-an hour before the meeting.
If you have any queries you may please contact Mr. Adel Yonus Mahmoud Tel.23219249.With